I'm seeing all sorts of "technical analysis" as to why #ONG is down which really miss the point. I said a few posts ago that the behaviour of #ONG was anomalous; suspecting that the chief market maker was artificially keeping the price up to combat shorts. Well, it seems with bitcoin halving tomorrow the price was tactfully brought back down to reduce exposure risk to a sudden crush and also to gain a tactical advantage against shorts in this eventuality. ONG is normally very sensitive to #BTC and there is hardly any other explanation for its short term decoupling from BTC ; the chief market marker, whoever that is, is obviously keen to reduce exposure risk. You will also crucially note that the price was brought down AFTER BTC had stabled off, meaning they could reverse the trend to cover any ridiculous shorts if needs be during the process.
